Susquehanna Cuts Coterra Energy (NYSE:CTRA) Price Target to $32.00

Coterra Energy (NYSE:CTRA - Get Free Report) had its target price lowered by Susquehanna from $34.00 to $32.00 in a research note issued on Tuesday, Marketbeat reports. The brokerage currently has a "positive" rating on the stock. Susquehanna's target price would suggest a potential upside of 26.13% from the company's previous close.

Other analysts have also issued reports about the stock. Piper Sandler raised their price objective on shares of Coterra Energy from $34.00 to $37.00 and gave the company an "overweight" rating in a research note on Thursday, March 6th. Truist Financial increased their target price on Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Williams Trading set a $37.00 price target on Coterra Energy in a research note on Wednesday, March 5th. Raymond James decreased their target price on Coterra Energy from $41.00 to $37.00 and set an "outperform" rating for the company in a research report on Wednesday, March 12th. Finally, Morgan Stanley set a $28.00 price target on shares of Coterra Energy in a research note on Tuesday, April 15th. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Coterra Energy currently has an average rating of "Moderate Buy" and an average target price of $34.00.

Coterra Energy Stock Down 0.4 %

Shares of CTRA stock traded down $0.09 during trading hours on Tuesday, hitting $25.37. 3,411,100 shares of the company's stock traded hands, compared to its average volume of 6,199,965. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. The stock's fifty day simple moving average is $26.90 and its two-hundred day simple moving average is $26.33. Coterra Energy has a 12-month low of $22.30 and a 12-month high of $29.95. The stock has a market cap of $19.39 billion, a price-to-earnings ratio of 15.28, a PEG ratio of 0.59 and a beta of 0.47.

Insiders Place Their Bets

In related news, SVP Michael D. Deshazer sold 35,377 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $26.62, for a total transaction of $941,735.74. Following the sale, the senior vice president now owns 126,770 shares of the company's stock, valued at $3,374,617.40. This represents a 21.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Kevin William Smith sold 25,733 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $29.09, for a total transaction of $748,572.97. Following the transaction, the senior vice president now owns 106,114 shares of the company's stock, valued at $3,086,856.26. This trade represents a 19.52 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company's stock.

Institutional Trading of Coterra Energy

Hedge funds have recently made changes to their positions in the business. Barclays PLC raised its position in Coterra Energy by 3.1% during the third quarter. Barclays PLC now owns 2,147,263 shares of the company's stock valued at $51,425,000 after purchasing an additional 64,753 shares during the period. Pine Valley Investments Ltd Liability Co raised its holdings in Coterra Energy by 37.5% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 122,725 shares of the company's stock valued at $2,939,000 after buying an additional 33,452 shares during the period. World Investment Advisors LLC bought a new stake in Coterra Energy in the third quarter worth $1,749,000. Wilmington Savings Fund Society FSB bought a new position in Coterra Energy during the third quarter valued at $621,000. Finally, Blankinship & Foster LLC bought a new position in Coterra Energy during the third quarter valued at $1,420,000. 87.92% of the stock is currently owned by hedge funds and other institutional investors.

About Coterra Energy

Coterra Energy Inc, an independent oil and gas company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company's properties include the Marcellus Shale with approximately 186,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; Permian Basin properties with approximately 296,000 net acres located in west Texas and southeast New Mexico; and Anadarko Basin properties with approximately 182,000 net acres located in Oklahoma.